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Strong Ruble Hinders Russian Exporters, Makes Imports Cheaper: RSPP Head
En resumen
- The head of the Russian Union of Industrialists and Entrepreneurs, Alexander Shokhin, stated that an excessively strong ruble is making Russian goods uncompetitive against cheaper imports from China.
- He noted that the overvalued currency hinders exporters and makes it difficult for Russian companies investing in import substitution to compete.
Resumen generado por IA
Tamaño de fuente
The head of the Russian Union of Industrialists and Entrepreneurs, Alexander Shokhin, stated that an excessively strong ruble is making Russian goods uncompetitive against cheaper imports from China. He noted that the overvalued currency hinders exporters and makes it difficult for Russian companies investing in import substitution to compete.
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This article was originally published by TASS.
